Somaliland:President Cancel Privatization of State Institutions

Somalilandsun:The president of Somaliland H.E Musa Bihi Abdi in a presidential decree
number RSL/XM/WM/222-178/082018 announced that the government has returned
the management of public assets that were illegally privatized back to
government control. Amongst the assets confiscated by the government
include the Berbera Petroleum terminal, Security and Parking of Egal
International Airport.

The head of state ordered the revocation of the illicit contracts by these
companies the Berbera Oil Terminal which was managed by (BOG), Egal
International Airport security which was run by (SRM) company) and the Egal
Airport parking controlled by EPASS company.

The president asked the ministry of commerce, industry and tourism,
ministry of finance, auditor general, accountant general and ministry of
aviation to audit the three companies and come up with the real valuations
of the aforementioned state assets and the amount of money accrued by the
firms since taking over the management of these government institutions.
All employees working for these companies will continue with their jobs.